Common use of Parent Termination Fee Clause in Contracts

Parent Termination Fee. Promptly following the execution of this Agreement (and in any event no later than 3:00 p.m. EST on the first Business Day after the date hereof), Parent shall pay, or cause to be paid, to the Company $2,290,650 (the “Parent Termination Fee”) by wire transfer of immediately available funds to the account specified in Exhibit A hereto.

Appears in 2 contracts

Samples: Agreement and Release (Conmed Healthcare Management, Inc.), Agreement and Release (Conmed Healthcare Management, Inc.)

AutoNDA by SimpleDocs

Parent Termination Fee. Promptly following In the execution of event this Agreement (and in any event no later than 3:00 p.m. EST on is terminated by the first Business Day after the date hereofCompany pursuant to Section 7.1(c)(ii) or Section 7.1(c)(iii), Parent shall paypay the Company, or cause by wire transfer of immediately available funds, a one-time fee equal to be paid, to the Company $2,290,650 30,000,000 (the “Parent Termination Fee”) by wire transfer of immediately available funds to the account specified in Exhibit A heretowithin two Business Days following such termination.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Barnes & Noble Inc), Merger Agreement (Barnes & Noble Inc)

Parent Termination Fee. Promptly following In the execution of event that this Agreement (and in any event no later than 3:00 p.m. EST on is terminated by the first Business Day after the date hereofCompany pursuant to Section 8.1(d), then Parent shall pay, pay or cause to be paid, paid to the Company a termination fee of $2,290,650 10,000,000 (the “Parent Termination Fee”) by wire transfer of immediately available funds to the account specified in Exhibit A hereto).

Appears in 1 contract

Samples: Merger Agreement (Mediware Information Systems Inc)

Parent Termination Fee. Promptly following the execution of If, but only if, this Agreement (and in any event no later than 3:00 p.m. EST on is validly terminated by the first Business Day after the date hereofCompany pursuant to Section 8.01(f) or Section 8.01(i), then Parent shall pay, or cause to be paid, to the account or accounts designated by the Company an amount equal to $2,290,650 239,000,000 (the “Parent Termination Fee”) by wire transfer of immediately available funds to the account specified in Exhibit A hereto.within three (3) Business Days following such termination;

Appears in 1 contract

Samples: Merger Agreement (Retail Opportunity Investments Partnership, LP)

Parent Termination Fee. Promptly following (i) In the execution of event that this Agreement (and in any event no later than 3:00 p.m. EST on is terminated by the first Business Day after the date hereofCompany pursuant to Section 10.01(d)(ii) or Section 10.01(d)(iii), then Parent shall pay, pay or cause to be paid, paid to the Company in immediately available funds $2,290,650 16,910,000 (the “Parent Termination Fee”) by wire transfer of immediately available funds within two Business Days after such termination. (ii) In no event shall Parent be required to pay the account specified in Exhibit A heretoParent Termination Fee on more than one occasion.

Appears in 1 contract

Samples: Merger Agreement (Gerber Scientific Inc)

Parent Termination Fee. Promptly following the execution of this Agreement (and in any event no later than 3:00 p.m. EST on the first Business Day after the date hereof), Parent shall pay, or cause to be paid, to the Company a fee equal to $2,290,650 11,925,000 (such fee, the “Parent Termination Fee”) if the Company terminates this Agreement pursuant to Section 7.1(f) and Section 7.1(i). The Parent Termination Fee shall be paid by wire transfer of immediately available same day funds within five Business Days after termination of this Agreement pursuant to the account specified in Exhibit A heretoSection 7.1(i).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Condor Hospitality Trust, Inc.)

Parent Termination Fee. Promptly following Notwithstanding anything to the execution of contrary in this Agreement, including Section 5.05, if the Company terminates this Agreement (and in any event no later than 3:00 p.m. EST on the first Business Day after the date hereofpursuant to Section 7.01(i), then Parent shall pay, or cause to be paid, pay to the Company or its designee (as designated in writing by the Company), within two (2) Business Days following delivery of Parent’s valid notice of termination delivered in accordance with Section 7.01, an amount equal to $2,290,650 105,200,000 (the “Parent Termination Fee”) by wire transfer of immediately available funds to an account designated in writing by the account specified in Exhibit A heretoCompany.

Appears in 1 contract

Samples: Merger Agreement (Finisar Corp)

Parent Termination Fee. Promptly following the execution of If this Agreement is terminated pursuant to Section 7.1(g), then, within two (and in any event no later than 3:00 p.m. EST on the first Business Day 2) business days after the date hereof)such termination, Parent shall pay, or cause to be paid, pay to the Company a nonrefundable fee of One Million Dollars ($2,290,650 (the “Parent Termination Fee”) by wire transfer of immediately available funds to the account specified in Exhibit A hereto1,000,000).

Appears in 1 contract

Samples: Merger Agreement (Titan Corp)

Parent Termination Fee. Promptly following the execution of Any provision in this Agreement to the contrary notwithstanding: (and in any event no later than 3:00 p.m. EST on i) If this Agreement is terminated by the first Business Day after the date hereofCompany pursuant to Section 7.1(h) or Section 7.1(i), then the Parent shall pay, or cause to be paid, to pay the Company a cash amount equal to eighty-three million three hundred sixty-four thousand dollars ($2,290,650 83,364,000) (the “Parent Termination Fee”). (ii) In the event the Parent Termination Fee is payable, such fee shall be paid to the Company by the Parent by wire transfer of immediately available funds to within three (3) Business Days after the account specified in Exhibit A heretoTermination Date.

Appears in 1 contract

Samples: Merger Agreement (National Financial Partners Corp)

Parent Termination Fee. Promptly following In the execution of event this Agreement (is terminated by the Company pursuant to Section 7.1(d)(i) or Section 7.1(d)(iii), Parent shall pay or cause to be paid the Parent Termination Fee to the Company promptly, and in any event no later than 3:00 p.m. EST on the first within two (2) Business Day after the date hereof)Days following such termination, Parent shall pay, or cause to be paid, to the Company $2,290,650 (the “Parent Termination Fee”) by wire transfer of immediately available same day funds to one or more accounts designated by the account specified in Exhibit A heretoCompany.

Appears in 1 contract

Samples: Merger Agreement (Archipelago Learning, Inc.)

AutoNDA by SimpleDocs

Parent Termination Fee. Promptly following the execution of If this Agreement is terminated by the Company pursuant to Section 10.01(d)(ii) (and in any event no later other than 3:00 p.m. EST on as a result of a failure by the first Business Day after the date hereofCompany to fulfill its obligations under Section 8.10), then Parent shall pay, or cause to be paid, pay to the Company Company, by wire transfer of immediately available funds, an amount equal to $2,290,650 22,500,000 (the “Parent Termination Fee”), within two (2) by wire transfer of immediately available funds to the account specified in Exhibit A heretoBusiness Days after such termination.

Appears in 1 contract

Samples: Merger Agreement (American Woodmark Corp)

Parent Termination Fee. Promptly following the execution of If this Agreement (and in any event no later than 3:00 p.m. EST on is terminated by the first Business Day after the date hereofCompany pursuant to Section 8.3(c), Parent shall pay, or cause to be paid, pay to the Company $2,290,650 (the “Parent Termination Fee”) by wire transfer of immediately available funds funds), within five Business Days after such termination, a fee in an amount equal to the account specified in Exhibit A heretoParent Termination Fee.

Appears in 1 contract

Samples: Merger Agreement (CAI International, Inc.)

Parent Termination Fee. Promptly following In the execution of event that this Agreement (and in any event no later than 3:00 p.m. EST on is validly terminated by the first Business Day after the date hereofCompany pursuant to Section 8.1(c)(i) or Section 8.1(c)(iii), Parent shall pay, or cause to be paid, pay to the Company $2,290,650 a fee of US$79,009,487 (the “Parent Termination Fee”) by wire transfer of immediately available funds funds, such payment to be made within five (5) Business Days of the account specified in Exhibit A heretoapplicable termination.

Appears in 1 contract

Samples: Merger Agreement (Chindata Group Holdings LTD)

Parent Termination Fee. Promptly following the execution of If, but only if, this Agreement (and in any event no later than 3:00 p.m. EST on is validly terminated by the first Business Day after the date hereofCompany pursuant to Section 8.01(f) or Section 8.01(i), then Parent shall pay, or cause to be paid, to the account or accounts designated by the Company an amount equal to $2,290,650 550,000,000 (the “Parent Termination Fee”) by wire transfer of immediately available funds to the account specified in Exhibit A hereto.within three (3) Business Days following such termination;

Appears in 1 contract

Samples: Merger Agreement (Apartment Income REIT, L.P.)

Parent Termination Fee. Promptly following the execution of If this Agreement is validly terminated by the Company pursuant to Section 8.1(i) or by Parent pursuant to Section 8.1(c) (and in any event no later than 3:00 p.m. EST on at a time when the first Business Day after the date hereofCompany is then entitled to terminate this Agreement pursuant to Section 8.1(i)), then Parent shall paymust, within two Business Days of such termination, pay or cause to be paid, paid to the Company or its designee an amount equal to $2,290,650 4,410,000 in cash (the “Parent Termination Fee”) by wire transfer of immediately available funds to an account or accounts designated in writing by the account specified in Exhibit A heretoCompany.

Appears in 1 contract

Samples: Merger Agreement (Echelon Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!